Crude Continue to face resistance at 3800,Weekly Forecast

As Discussed in Last Analysis  For coming week we are back at the resistance zone as we can see in gann chart ,Planetary chart and Crude should cross above 3867 for the up move to continue towards 3969/4096.

Bears will get active below 3810 for a move back 3721/3666/3600.

High for last week was 3815 and we got multiple trading oppurtunity to Sell Crude at 3816 and were rewarded handsomely.

Coming Week 3721 will act as major trend change level and we should see a good trending move as we have 17 Dec and 20 Dec as major trend changes dates.

As per planetary cycle chart 3868 on upside and 3501 is the big range for crude and trending move would be seen on break of this range only. Till than play the range with Support Resistance mentioned as below.

Crude Time Cycle

Major Trend Change date for Crude for December Month

  1. 03-Dec-18
  2. 10-Dec-18
  3. 17-Dec-18
  4. 21-Dec-18
  5. 26-Dec-18
  6. 29-Dec-18

Weekly Trend Change Level:3721

Weekly Resistance :3780,3820,3879,3921

Weekly Support:3692,3666,3601,3560,3512

Levels Mentioned are for DEC Contract Crude

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